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Gaining fans the business trend to watch in 2015
Wal-Mart is not a retailer consumers are emotionally invested in. The deals? They're lovely, but just because Wal-Mart is big, it doesn't mean it's connecting with its consumers, and this is where things get interesting, says Fang Wan, a marketing professor in the Asper School of Business at the University of Manitoba.
A new marketing trend has percolated through 2014 and Wan says we will see more of it in 2015: earning adoring fans. When retailers do it successfully, it has astounding implications.
Coach buys shoemaker; Kors sinks on promotions
Investor's Business Daily
Coach recently announced it agreed to buy shoemaker Stuart Weitzman to expand its luxury offerings as the brand struggles to stay relevant vs. up-and-coming competitors.
The handbag maker, known for its iconic C logo, said it will pay private equity firm Sycamore Partners up to $574 million. It will make an initial cash payment of $530 million and pay up to $44 million on achievement of certain sales targets over the next three years.
British leather goods company, Maxwell Scott Bags, relaunches website following rebrand
Luxury leather goods company Maxwell Scott Bags has recently re-launched its website after a rebrand. An international business based in York, North Yorkshire, Maxwell Scott Bags said it fuses British design with Italian craftsmanship to create luxury leather products ranging from briefcases and luggage to handbags and accessories.
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Not your typical franchise: Boomerang Kids turning used goods into retail gold
When Krista Thompson heard that Boomerang Kids, one of her favourite shopping haunts, was up for sale, she envisioned a unique franchise opportunity.
Now president of Boomerang Kids Franchise Corp., Ms. Thompson and business partner Heather Meek, chief executive of the company, have parlayed the Ottawa-based consignment store into a successful franchise model, with nine units sold in Ontario and Quebec, and more to come.
New tote bags made of recycled Southwest Airlines seat leather
Old upholstery doesn't have to go to waste. When Southwest Airlines removed 80,000 of its seats to replace them with lighter ones, the Dallas-based airline was left with 43 acres of old seat leather. Instead of discarding all those scraps, Southwest decided to up-cycle them into something stylish. The airline has partnered with a Portland-based company called Looptworks to turn that leather into a limited-edition series of backpacks, duffel bags and totes.
United Airlines, Orbitz sue Skiplagged over layover price loophole
A large U.S. airline and one of the world's biggest online travel agencies are suing an entrepreneur from New York City for developing a web system that can help flyers save money by taking advantage of a loophole in the pricing of flights with layovers.
Aktarer Zaman invented Skiplagged.com, a website that lets users find cheaper flight tickets.
Target considering pulling out of Canada after $2.1 billion in losses
Target Canada is expected to make a decision early this year on whether to leave the Canadian market after continued financial reports of heavy losses.
Retail analyst Brian Sozzi wrote on a MSN Money blog post that Target's recent foray into Canada has been "dead weight" on the company's financial statements — losses of $2.1 billion from 2011 to the third quarter of 2014 have been recorded.
How Mansur Gavriel created the first post-recession 'it bag'
The Business of Fashion
It was mid-afternoon when the founders of Mansur Gavriel took to Instagram with great news for their more than 123,000 followers. The handbag line's fall e-commerce delivery — which included every style, make and colourway available for the season — had finally arrived.
Within an hour, 95 per cent of the stock was sold out.
The most (and least) popular airlines over the holidays
Airline passengers have spoken about their Christmas-season travel — and they're not happy.
Was your plane on time over the holidays? Did you get dinged with an unexpected fee? A new consumer survey shows how airlines performed over the holidays. Out of the 10 airlines surveyed, only four scored more than 50 out of 100. "I would say the airline industry as a whole has a lot of work to do if it sees itself in the customer service business," says Christopher Elliott, author of "Scammed," a book about how to avoid shady deals.
Why are Amazon and online retailers struggling to make money?
Questions about the profitability of online retailers have reared their head again after Boohoo.com issued a major profits warning and saw its share price slump 40 per cent.
While online sales may be soaring in the U.K., the U.S. and elsewhere, profits have not followed. Online retailers including Asos, Ocado, AO.com and even the biggest of them all, Amazon, have all been dogged by questions about how much money they make.
Most important travel trends to expect in 2015
Every year, the travel industry takes an evolutionary step forward, as companies offer up innovative solutions to the inevitable problems we face on the road. In 2015, we will see the roll-out of Boeing's new overhead Space Bin luggage compartments — promising a faster, easier airplane boarding process — and the rise of even-more-comfortable premium economy cabins to tempt us from the increasingly pinched back of the plane.
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